You can't follow this stock day to day. It will not make sense. Just come back after couple of months and look your investment grow. Perfect 401k kinda stock for risk takers.
it's hard to not keep an eye on it, but it certainly will wear you down to follow the intraday activity. So pathetic, we beat on all accts. and the market reacts by dropping it 30%.
SUNE is a good example of how U.S companies get a free lunch;
-Swimming in debt (over 3B vs 750Mil held by Renesola)
-Over twice the float 267.50M shares in SUNE vs 101 million for Renesola
-Price to sales is 2.35 vs SOL @ 0.20 (1175% more!)
-Price to book is 20.3 in SUNE vs 1.79 in Renesola.
-Forward P/E is over 40 in SUNE vs 7.46 in Renesola
Market cap SUNE is 4.8Billion!
Renesola is less than 300million.
I challenge ANYONE to justify why SUNE deserve a pps of $18 while Renesola (with less float and better balance sheet) can't even break $3.
I don't think we should compare Chinese solar stocks with american solar stocks. For whatever reason, they are all over-priced. If you compare with other successful Chinese solar companies, SOL lags on GM of only 10% vs JKS GM of 24%. However, I am pretty sure SOL will go up to 15% GM this year. Then you can compare the stock price. At that time I totally expect SOL to be trading north of $10. This can happen fast like within a matter of months. If it does not happen, either we will see JKS price fall less than 20. You can say that JKS ran up too high too fast.
ALL the Solar Stocks are GREEN and Up Nicely, ONLY SOL IS STUCK & can't move!
Very Disappointing to say the least. As IF Wall Street is not following this stock, it just doesn't make any sense. Only Zacks has a buy rating? unreal!!!! Where is the LOGIC HERE?